1111 Toorak Road,
Camberwell, VIC 3124
Shops & Retail • Development Sites & Land • Showrooms & Large Format Retail
Key property information
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
1111 Toorak Road
Camberwell, VIC 3124
Map of 1111 Toorak Road
High Exposure Freehold with Huge Development Upside
- High profile 475sqm* site, ROW access
- 423sqm* showroom, on-title parking
- Development upside, 3 levels (STCA)
Burgess Rawson is pleased to offer to the market 1111 Toorak Road, Camberwell VIC for sale via our Portfolio Auction Campaign 163.
This opportunity has the following key highlights:
+ Prime 475sqm* freehold site with important ROW access.
+ Huge 18 metre* frontage and exposure to Toorak Road and Camberwell Road.
+ High profile position at corner of Toorak Road and Camberwell Road with 37,680 VPD.**
+ Significant development upside up to 3 levels (STCA) with precedent nearby.
+ Premium Commercial 1 Zoning (C1Z) allowing for ultimate flexibility.
+ Well-presented 423sqm* showroom incorporating offices and mezzanine.
+ Important on-title car parking accessed via ROW off George Street and Collings Street.
+ Ideal position fronting high foot traffic pedestrian crossing and metres from tram stop.
+ Suits developers, owner occupiers and investors.
+ House of Recliners currently in occupation on short lease with options to May 2026.
+ Current gross rental well below market at $96 per/sqm, providing huge future rental uplift.
+ Camberwell: affluent inner east metro suburb with $2,632,500 median house price. ***
+ Current Net Income: $33,443pa* + GST
+ Potential at Market Rent: $150,000pa* + GST ($350 per/sqm)
To be sold via Portfolio Auction 163
10:30am AEST, Wednesday 13 September 2023
Crown Casino, Melbourne.
*Approx
**GapMaps
***Realestate.com.au
This opportunity has the following key highlights:
+ Prime 475sqm* freehold site with important ROW access.
+ Huge 18 metre* frontage and exposure to Toorak Road and Camberwell Road.
+ High profile position at corner of Toorak Road and Camberwell Road with 37,680 VPD.**
+ Significant development upside up to 3 levels (STCA) with precedent nearby.
+ Premium Commercial 1 Zoning (C1Z) allowing for ultimate flexibility.
+ Well-presented 423sqm* showroom incorporating offices and mezzanine.
+ Important on-title car parking accessed via ROW off George Street and Collings Street.
+ Ideal position fronting high foot traffic pedestrian crossing and metres from tram stop.
+ Suits developers, owner occupiers and investors.
+ House of Recliners currently in occupation on short lease with options to May 2026.
+ Current gross rental well below market at $96 per/sqm, providing huge future rental uplift.
+ Camberwell: affluent inner east metro suburb with $2,632,500 median house price. ***
+ Current Net Income: $33,443pa* + GST
+ Potential at Market Rent: $150,000pa* + GST ($350 per/sqm)
To be sold via Portfolio Auction 163
10:30am AEST, Wednesday 13 September 2023
Crown Casino, Melbourne.
*Approx
**GapMaps
***Realestate.com.au
Camberwell, 3124 demographic data
The median household income for Camberwell is $2,457, 29% higher than Greater Melbourne's household income of $1,901. Camberwell has an older age profile compared to the rest of Greater Melbourne (median age 43 vs 37). Property ownership data shows 40% of property owners in Camberwell have a mortgage.
21,965
Population
$2,457 per week
Median household income
43 years
Median age
Owners
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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